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BRIEF-China Waste Corp says CUMHL acquires 30 pct of CECEP Clean Technology Development

Published 10/12/2015, 05:41 pm
Updated 10/12/2015, 05:50 pm
© Reuters.  BRIEF-China Waste Corp says CUMHL acquires 30 pct of CECEP Clean Technology Development
CWC
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Dec 10 (Reuters) - China Waste Corporation Ltd CWC.AX :

* Cwc acquires 30% of cecep clean technology development co CWC.AX

* Says under the agreement CUMHL will acquire a 30% shareholding in cecep clean technology development co., ltd

* Through subsidiary, has signed a conditional agreement on 27 October 2015 to form a joint venture

* CUMHL will contribute RMB 270 million for a 30% interest in cecep clean tech

* Co currently undertaking discussions with equity and debt partners in relation to funding cumhl's investment in CECEP Clean Tech

* As part of investment, cwc will provide CECEP Clean Tech with international standards of management, technology & scientific research

* Source text for Eikon ID:nASX6c1FCG

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